Marketable securities broke down as follows at December 31, 2019:
(in thousands of euros) | December 31, 2019 | December 31, 2018 |
|---|---|---|
Excluding liquidity contract: : | Excluding liquidity contract: : December 31, 2019
| Excluding liquidity contract: : December 31, 2018
|
• Treasury share | • Treasury share December 31, 2019 207,489 | • Treasury share December 31, 2018 242,069 |
Held under the liquidity contract: | Held under the liquidity contract: December 31, 2019
| Held under the liquidity contract: December 31, 2018
|
• Money UCITS funds | • Money UCITS funds December 31, 2019 4,484 | • Money UCITS funds December 31, 2018 2,661 |
• Treasury share | • Treasury share December 31, 2019 11,635 | • Treasury share December 31, 2018 14,539 |
Provisions for impairment: | Provisions for impairment: December 31, 2019
| Provisions for impairment: December 31, 2018
|
• Excluding liquidity contract | • Excluding liquidity contract December 31, 2019 - | • Excluding liquidity contract December 31, 2018 (6,794) |
• Held under the liquidity contract | • Held under the liquidity contract December 31, 2019 (288) | • Held under the liquidity contract December 31, 2018 (362) |
Total marketable securities (net amount) | Total marketable securities (net amount) December 31, 2019 223,320 | Total marketable securities (net amount) December 31, 2018 252,113 |
The movements for the financial year and position at the reporting date for available-for-sale securities (excluding the liquidity contract) are summarized in the table below:
(in thousands of euros, except for share data) | Number of shares | Gross carrying amount | Impairment(1) | Net value in balance sheet |
|---|---|---|---|---|
Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2018 | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2018 Number of shares 3,700,165 | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2018 Gross carrying amount 242,069 | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2018 Impairment(1) (6,794) | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2018 Net value in balance sheet 235,275 |
Disposals (exercise of options) and delivery of free shares to employees | Disposals (exercise of options) and delivery of free shares to employees Number of shares (526,509) | Disposals (exercise of options) and delivery of free shares to employees Gross carrying amount (34,580) | Disposals (exercise of options) and delivery of free shares to employees Impairment(1) - | Disposals (exercise of options) and delivery of free shares to employees Net value in balance sheet (34,580) |
Exercise of options | Exercise of options Number of shares - | Exercise of options Gross carrying amount - | Exercise of options Impairment(1) - | Exercise of options Net value in balance sheet - |
Reduction in impairment in 2019 | Reduction in impairment in 2019 Number of shares - | Reduction in impairment in 2019 Gross carrying amount - | Reduction in impairment in 2019 Impairment(1) 6,794 | Reduction in impairment in 2019 Net value in balance sheet 6,794 |
Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2019 | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2019 Number of shares 3,173,656 | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2019 Gross carrying amount 207,489 | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2019 Impairment(1) - | Treasury shares held as available-for-sale securities (excluding the liquidity contract) as at December 31, 2019 Net value in balance sheet 207,489 |
(1) The impairment only relates to treasury shares not allocated to free share or stock option plans.
In 2019, the liquidity contract with Kepler Cheuvreux was continued.
At December 31, 2019, 283,250 shares were held under this contract (compared to 286,000 at December 31, 2018).
